Our Blog

  • Posted by Brad Umansky on January 03, 2019

Inland Empire Market Overview & What’s In Store for 2019!

Happy New Year and wishing everyone a healthy, happy and successful 2019!  I’m coming to you live from the Progressive Real Estate Partners headquarters in Rancho Cucamonga which of course is in the Inland Empire! Before providing some thoughts on what’s in store for SoCal’s Inland Empire retail market in the new year here’s a...
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  • Posted by Brad Umansky on November 24, 2018

Mom & Pop Retailers Make a Comeback in SoCal’s Inland Empire

While reviewing Progressive Real Estate Partner’s leasing activity for the year, I’ve noticed an interesting trend happening in SoCal’s Inland Empire.  Year to date a whopping 78% of our leasing transactions have been with independent mom and pop retailers. This is by far the highest percentage since 2010.  In 2015, 2016, and 2017 the figures...
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  • Posted by Brad Umansky on October 10, 2018

Recap of ICSC Western Conference and the Top Takeaways!

The Progressive Real Estate Partners team just returned from the 2018 ICSC Western Conference in downtown Los Angeles. A total of 3,906 people registered but when you add in those in the “shadow economy” (aka people that hung out in the coffee bar lobby but didn’t register) there were easily over 4,000 people in attendance. ...
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  • Posted by Brad Umansky on August 14, 2018

How BIG is the Big Box Vacancy Problem in SoCal’s Inland Empire?

Much has been written about the changing retail marketplace especially as it relates to the impact of e-commerce but another major story line has been around how developers and landlords are addressing the closing of multiple large format retailers (ie Sears, Kmart, Toys R Us, etc.) which has resulted in a significant increase in vacant...
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  • Posted by Brad Umansky on June 07, 2018

What Advice Would You Give to a New Retail Broker?

Can you imagine attending the ICSC RECon conference in Las Vegas just one week into the business?  Well that’s exactly what Progressive Real Estate Partners’ newest hire and Retail Apprentice, Renae Giacopuzzi, did this year. Renae recently graduated from Azusa Pacific University with a degree in Business Management and is following in the footsteps of...
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  • Posted by Brad Umansky on May 24, 2018

It’s a Wrap! Another ICSC RECon in the Books!

My Takeaways from the Show!  And that’s a WRAP on ICSC RECon 2018!  The Progressive Real Estate Partners team was there in force with 12 of our brokers actively dealmaking, networking and diligently working the floor. Collectively we had a record 100+ formal meetings and at least a couple hundred informal meet-ups where we were...
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  • Posted by Brad Umansky on March 19, 2018

10 Facts Any Retailer or Investor Should Know about SoCal’s Inland Empire Economy

I had the pleasure of speaking to the Southern California Chapter of ACRE (Association of Corporate Real Estate Executives) in Ontario last week.  Below is a summary of the information I presented about all the recent positive economic data on SoCal’s Inland Empire. 13th Largest MSA in the US – Out of over 380 MSA’s...
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  • Posted by Brad Umansky on February 26, 2018

Amazon SO (What?) – 5 Takeaways from My Visit to the Amazon Go Store

I am writing this blog as I return from a trip to Seattle which of course included a visit to  the most talked about small retail space ever – the Amazon Go grocery store! For all the press this store has received for its incredible technology, I think it is really just “Amazon So (What?)”. ...
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